Resource Center

Meeting the challenges of global Trade and Transaction Reporting

Credit Agricole and AxiomSL

“AxiomSL’s solution provides the data loading, aggregation and reporting functionalities needed to tackle the significant increase in data points required in the new MAS 610 in addition to satisfying the reporting requirements for MAS 649. A key deciding factor for us is its single data-agnostic platform that integrates raw data pulled from multiple sources. With AxiomSL’s regulatory data management solution, we are now able to extend the focus of our Finance team beyond regulatory compliance reporting to financial analysis. This provides value-added data analytics for management reporting that will enhance our business operations overall.”

Jane XU,Credit Agricole CIB’s Singapore CFO

“We are delighted to be selected by Credit Agricole for both MAS 610 and MAS 649 reporting. The extension of the bank’s use of the AxiomSL platform for regulatory data management from the United States to include Singapore is a testament to the strength of our offering. Our single strategic platform means the same architecture can also be used for multiple regulatory requirements, thereby greatly reducing operational risks and costs as well as the complexity of compliance. We look forward to building and developing a continued successful partnership with Credit Agricole.”

Peter Tierney,APAC CEO, AxiomSL

Trafigura PTE Ltd and AxiomSL

“We are extremely pleased to begin this relationship as the firm’s regulatory provider. As we continue to expand in to the energy and commodities sector, we look forward to developing a great connection with Trafigura. We are certain that AxiomSL’s data and process platform will give Trafigura the best means of ensuring that they meet all their global requirements in a timely and efficient manner”.

Ed Royan,Chief Executive, EMEA, AxiomSL

“Being responsible for the group’s P&L means that the decisions I make have to be the right ones. AxiomSL’s platform will provide Trafigura PTE Ltd with, what we believe is, the best system available to make the unforgiving regulatory process most efficient”, said Mike Wainwright, Chief Operating Officer and Trafigura Management Board member. “AxiomSL was the only vendor that was able to provide all of our trade and transaction reporting needs, and we look forward to the partnership ahead of us.”

Waters Magazine & AxiomSL

AxiomSL Takes Best Implementation Prize in 2017 Sell-Side Technology Awards for Second Year

“We are again honoured to receive this prestigious award for our work with this respected global custodian bank,” said AxiomSL CEO Alex Tsigutkin. “For several years, many of our largest banking clients have undertaken similar work to meet the extensive data management and reporting challenges posed by regulators around the world, but rarely on such a compressed timeline or covering this number of modules simultaneously. We are especially proud of the collaborative working relationship and rapid deployment of our solution that successfully delivered this implementation. AxiomSL’s unique expertise in this area, combined with our robust and integrated platform, empower the bank to achieve greater control, automation, data accuracy, and full transparency, while producing timely reports with the analytics required by regulators and internal management demands. AxiomSL’s platform for change management will continue to be the sell-side’s preferred choice when tackling enterprise-wide projects of this magnitude.”

Alex Tsigutkin,Chief Executive Officer (CEO), AxiomSL

Jeffries and AxiomSL

“We are proud that Jefferies has chosen our MiFID II transaction reporting solution,” said Ed Royan, Chief Executive, EMEA, AxiomSL. “Clients require a platform for handling multiple reporting requirements and the platform needs to be able to respond quickly to constant change. Jefferies have recognised that AxiomSL is the effective solution for many of its varied submission requirements.”

Ed Royan,Chief Executive, EMEA, AxiomSL

Gary Pomeroy, International CIO at Jefferies said: “We chose AxiomSL’s powerful platform as AxiomSL have proven to us that they have the capability to help us adapt quickly to complex and constantly changing regulatory reporting requirements. We look forward to continuing to work with the team at AxiomSL.”

Gary Pomeroy,International CIO at Jefferies

Banco Sabadell and AxiomSL

AxiomSL’s Regulatory Reporting platform selected by Banco Sabadell for the second time

“We are very pleased to have been selected by Banco Sabadell. We have many years of experience in EBA reporting and are confident that we will continue to deliver excellent results on this project,” said Ed Royan, Chief Executive, EMEA, AxiomSL. “Ongoing changes to reporting requirements continue to create challenges for financial firms. The way in which we are able to separate our regulatory update releases from our software releases enables us to deliver new report templates quickly, making sure our clients remain compliant. We look forward to developing our relationship with Banco Sabadell over the coming years.”

Ed Royan,Chief Executive, EMEA, AxiomSL

Credit Agricole CIB and AxiomSL

Credit Agricole Corporate and Investment Bank has selected AxiomSL for its FR 2052A and FBO reporting to the Federal Reserve

“Large foreign banking institutions are looking for enterprise-wide technology platforms that can be implemented quickly and grow with evolving regulatory requirements, such as reporting form 2052a,” says Alex Tsigutkin, CEO at AxiomSL. “We are pleased to work with such a reputable firm as Credit Agricole CIB in delivering risk and regulatory reporting with workflow automation and audit functionality.”

Alex Tsigutkin,Chief Executive Officer (CEO), AxiomSL

Fifth Third Bank and AxiomSL

Fifth Third Bank Chooses AxiomSL for its Strategic Regulatory Reporting

“Our decision to build a relationship with AxiomSL is due, in large part, to our interest in keeping pace with the complexity of today’s regulatory environment and in maintaining cost-effectiveness across all operations,” said Blane Scarberry, Vice President, Director of External Reporting at Fifth Third Bank. “AxiomSL’s integrated platform is expected to enable us to meet financial and regulatory requirements, while also streamlining our reporting processes across critical business functions. This should provide us with the flexibility to meet evolving regulatory demands.”

“We are very pleased to have been selected by Fifth Third Bank as their strategic regulatory partner and are looking forward to working closely with them in ensuring a rapid paced implementation,” said Alex Tsigutkin, Chief Executive Officer (CEO), AxiomSL. “To this end, AxiomSL’s platform will leverage their existing data and risk management infrastructure to meet LCR and CCAR requirements while ensuring that data is analysed, enriched and reconciled in a consistent, auditable manner with drill down and validation checks. This strategic and holistic approach empowers U.S. BHC’s to address quickly stringent and multiple submission deadlines emanating from regional and global authorities while delivering data aggregation capabilities, data governance and internal controls.”

Alex Tsigutkin,Chief Executive Officer (CEO), AxiomSL

Raymond James & AxiomSL

“As part of our larger goal of data management transformation, Raymond James was looking for a strategic technology partner that could help with a significant portion of our critical reporting,” says David Lesser, senior vice president of technology at Raymond James. “AxiomSL’s expertise working with complex, diversified institutions and ability to implement these solutions over a number of years was exactly what we were looking for.”

David Lesser,Senior Vice President of Technology at Raymond James

“Today, broker dealer firms like Raymond James are looking to reengineer their reporting function in their efforts to keep up with new prudential regulation demands and as part of broader institutional automation. We are very pleased to work with such a well-respected firm as Raymond James and look forward to providing these solutions for them in the years to come to meet new and evolving regulatory mandates.”

Alex Tsigutkin,Chief Executive Officer (CEO), AxiomSL

Chartis Research & AxiomSL

AxiomSL is recognized as ‘Category Leader’ in the 2016 Chartis FinTech Quadrant® for Data integrity & Control Solutions

“As institutions focus on enterprise data integrity and control to meet new standards like BCBS 239, it is critical to consider flexibility, adaptability, and scalability of their platforms very closely,” says Peyman Mestchian, Managing Partner at Chartis Research. “AxiomSL provides the functionality to scale and aggregate vast amount of data across silo systems for improved transparency and greater clarity about the organization’s financial status and risk exposures.”

Peyman Mestchian,Managing Partner at Chartis Research

“With this report, Chartis Research has validated our own conclusion about the rising priority of data integrity and controls in our industry, in which financial institutions are turning towards innovative and flexible technology focused solutions to address regulatory demands, as well as internal changes. We are very pleased to be recognized as a category leader in this increasingly crucial area,” says Alex Tsigutkin, CEO at AxiomSL. “AxiomSL’s platform empowers financial institutions to adapt quickly to new regulatory and operational needs by delivering controlled end-to-end business processes. This technology-led transformation and its relationship to continuous change makes senior management realize that it is not about developing new, trendy apps as point solutions, but rather transforming businesses for future success. To this end, it is time to consider new unconventional methods to deal with the constant state of change.”

Alex Tsigutkin,Chief Executive Officer (CEO), AxiomSL

COMMERZBANK and AxiomSL

“We are delighted Commerzbank has selected AxiomSL’s technology,” said Alex Tsigutkin, AxiomSL CEO. “Institutions can optimize their existing IT infrastructure by implementing a flexible data-management architecture, with an analytical and reporting layer and aggregation capabilities, which will address multiple regulations on one integrated platform. In other words, firms should use an integrated platform to perform position and transaction reporting, for capital computation and liquidity measurements, as well TIC reports and other reporting with drill-down capabilities back to the original source data.”

Alex Tsigutkin,Chief Executive Officer (CEO), AxiomSL

ICBC and AxiomSL

“It is clear this is the time to adopt a strategic solution for CRS and FATCA. We have been very pleased with the results of using AxiomSL’s platform for the Basel, PRA, BOE and EMIR requirements, so the decision to also use it for CRS and FATCA came naturally. The scalability and flexibility of AxiomSL’s platform means we can contain the cost of regulatory compliance by using a single infrastructure to manage multiple requirements,” said Shuyi Yuan, Deputy CEO at ICBC (London) plc.”

Shuyi Yuan,Deputy CEO at ICBC (London) plc

“We are pleased that ICBC (London) has decided to expand its use of our platform to comply with more regulatory requirements,” said Ed Royan, Chief Operating Officer, EMEA, AxiomSL. “The number of reports that will need to be submitted as part of CRS means firms need to start thinking strategically about their compliance. We are proud to offer a single platform that can be used to comply with not only these requirements, but also many others around the world.”

Ed Royan,Chief Operating Officer, EMEA, AxiomSL

Oracle (OFSAA) & AxiomSL

AxiomSL was named in the 10 Fastest Growing Oracle Solution Providers in 2016 by the Silicon Review

“We maintain strategic development alliances with audit, financial and technology industry leaders, financial data providers, hardware, and analytical software providers to guarantee that our clients receive both the best breed and a flawless implementation of their IT and business requirements,” Alex Tsigutkin says. “We believe coupling a change management platform with client-focused strategies is the key to success.”

Published in The Silicon Review

BMCE International & AxiomSL

BMCE Bank International goes live on AxiomSL’s regulatory platform

“We are pleased to be working with the recognized leader in the regulatory calculation and reporting space,” said Mohammed Afrine, Chief Executive Officer at BMCE International. “AxiomSL’s platform provides all of the functionality we require, from data aggregation and normalization to report creation and submission. The quick time to market offered by AxiomSL makes the platform very attractive.”

Mohammed Afrine,Chief Executive Officer, BMCE International

“We have built up an unrivalled knowledge of regulatory calculation and reporting requirements over the years while supporting financial firms of all types and sizes. We are pleased to now also be working with BMCE Bank International and ensuring they have the optimal solution for all of their regulatory requirements,” said Ed Royan, Chief Operating Officer EMEA, AxiomSL. “It is clear that many firms are looking for new solutions to manage BOE and CRD IV regulations. We are looking forward to working with more clients on these topics in the coming months.”

Ed Royan,Chief Operating Officer EMEA, AxiomSL

SAP & AxiomSL

“We are pleased to be partnering with AxiomSL on this offering. As additional reporting requirements around the world come into force, it is essential that the overall operational cost burden to financial institutions is minimized. With this joint solution, users can continue to satisfy regulatory mandates such as BCBS 239, leveraging a single platform and proven regulatory reporting technology.”

“We are reducing the risk and regulatory burden on our clients by providing a single platform that can be used to comply with multiple regulations globally. In partnership with SAP, our combined platforms have been designed to meet the needs of all financial institutions and guarantee high performance, scalability, efficiency and transparency.”

Ed Royan,Chief Operating Officer EMEA, AxiomSL

U.S. Bank & AxiomSL

U.S. Bank Chooses AxiomSL for its Regulatory Reporting Platform

“We are delighted to have been selected by U.S. Bank as their regulatory reporting solution provider,” said Alex Tsigutkin, Chief Executive Officer (CEO), AxiomSL. “Today’s systems must meet an ever-increasing set of granular, complex and evolving regulatory requirements while integrating large volumes of heterogeneous data across the enterprise. These requirements highlight the increased need for unified source data and data process automation, full transparency and data lineage, ensuring executives have the ability to make rapid and frequent changes to comply with these regulatory requirements and enhance information oversight.”

Alex Tsigutkin,Chief Executive Officer (CEO), AxiomSL

Union Bank of India & AxiomSL

“AxiomSL’s XBRL solution meets our needs exactly,” said Brajeshwar Sharma, CEO at Union Bank of India (UK). “The control and data validation functionality offered by AxiomSL gives us complete confidence in the accuracy of the data we will submit to the regulator. As the EBA continues to release new versions of its XBRL taxonomy, AxiomSL’s quick time to market was also compelling. We are looking forward to working with the leading XBRL specialists on our regulatory reporting.”

Brajeshwar Sharma,CEO, Union Bank of India (UK)

“XBRL has been a strategic focus for AxiomSL for several years now. We are proud to be the leaders in this space and to be supporting an increasing number of banks, including Union Bank of India (UK),” said Ed Royan, Chief Operating Officer, EMEA, AxiomSL. “XBRL is quickly becoming the standard for regulatory submissions since the implementation of COREP. We look forward to working with more firms on XBRL projects.”

Ed Royan,Chief Operating Officer EMEA, AxiomSL

Anadolubank & AxiomSL

Anadolubank Picks AxiomSL for Netherlands Reporting

“AxiomSL’s XBRL solution meets our needs exactly,” said Nuriye Plotkin, Managing Director, Anadolubank Nederland N.V. “The control and data validation functionality offered by AxiomSL gives us complete confidence in the accuracy of the data we will submit to the regulator. As the EBA continues to release new versions of its XBRL taxonomy, AxiomSL’s quick time to market was also compelling. We are looking forward to working with the leading XBRL specialists on our regulatory reporting.”

Nuriye Plotkin,Managing Director, Anadolubank

“XBRL has been a strategic focus for AxiomSL for several years now. We are proud to be the leaders in this space and to be supporting an increasing number of banks, including Anadolubank Nederland N.V.,” said Ed Royan, Chief Operating Officer, EMEA, AxiomSL. “XBRL is quickly becoming the standard for regulatory submissions following the implementation of COREP. In the Netherlands, we have seen an increase in interest in this area since the DNB announced it would require submissions in XBRL. We look forward to working with more firms on XBRL projects as regulators in other countries follow suit.”

Ed Royan,Chief Operating Officer EMEA, AxiomSL

ICBC & AxiomSL

“It is clear this is the time to adopt a strategic solution for CRS and FATCA. We have been very pleased with the results of using AxiomSL’s platform for the Basel, PRA, BOE and EMIR requirements, so the decision to also use it for CRS and FATCA came naturally. The scalability and flexibility of AxiomSL’s platform means we can contain the cost of regulatory compliance by using a single infrastructure to manage multiple requirements,” said Shuyi Yuan, Deputy CEO at ICBC (London) plc.

Shuyi Yuan,Deputy CEO, ICBC (London) plc.

“We are pleased that ICBC (London) has decided to expand its use of our platform to comply with more regulatory requirements,” said Ed Royan, Chief Operating Officer, EMEA, AxiomSL. “The number of reports that will need to be submitted as part of CRS means firms need to start thinking strategically about their compliance. We are proud to offer a single platform that can be used to comply with not only these requirements, but also many others around the world.”

PNC & AxiomSL

PNC Selects AxiomSL for Regulatory Reporting

“We are proud to have been chosen by PNC, a leading and well-respected bank,” said Alex Tsigutkin, CEO at AxiomSL. “AxiomSL’s advanced offering will enable PNC to automate complex analytical and regulatory process, as well as full data and process governance. AxiomSL’s capability to drill down into the data makes it a powerful tool, which, paired with the flexibility of its risk calculation engine, enables financial firms to meet mandates across multiple regulators and jurisdictions. The inherent flexibility of the platform allows financial firms to keep pace with the regulatory changes while containing costs.”

Alex Tsigutkin,AxiomSL’s CEO

Standard Chartered & AxiomSL

“The implementation of AxiomSL’s BOE reporting solution has been a resounding success, which is worthy of award recognition,” said Paul Chambers, Chief Financial Officer, Europe and UK, at Standard Chartered. “We have been very pleased with AxiomSL’s FINREP solution, so we were confident going into this project. However, the results have exceeded our expectations: not only did we go live ahead of schedule, we have also significantly reduced the time it takes to produce our BOE returns.”

“This award is testament to the quality of our technology and implementation team,” said Ed Royan, Chief Operating Officer EMEA, AxiomSL. “The project demonstrates how quickly and smoothly firms can migrate to our solutions and the benefits of doing so. With so many new requirements due to come into force over the coming months and years, time to market is a critical issue for all firms. This award is further evidence of our ability to deliver on this front. We look forward to supporting Standard Chartered and many other firms with their regulatory projects going forward.”

Ed Royan,Chief Operating Officer EMEA, AxiomSL

Bank of China & AxiomSL

“We chose AxiomSL because of its integrated Basel III liquidity calculation and regulatory reporting platform. We value their platform’s flexibility and ability to address our needs to set up a solid foundation that can integrate with BOC’s source data given the limited time frame. Allan Chin, AxiomSL’s Country Manager, together with his team have demonstrated how AxiomSL has infused their knowledge of MAS regulation into their proven MAS 649 reporting solution, and the ability to assist us to meet the MAS 649 reporting mandate. The implementation of AxiomSL’s solution exhibits Bank of China Singapore Branch’s determination to commit resources to strive towards further enhancement of our liquidity risk management processes to cope with our increased business presence in Singapore.

“AxiomSL is proud to be chosen as Bank of China Singapore Branch’s strategic technological partner. We believe that regulators across Asia have exercised prudence in assessing the liquidity levels in their jurisdictions. The opportunity and onus is now with banks to explore strategic solutions to tackle the increasing cross-jurisdictional reporting requirements. AxiomSL’s integrated platform addresses these requirements and Bank of China Singapore Branch will implement AxiomSL’ s strategic platform for Singapore, and hopefully it will lead to the adoption of our suite of solutions for its operations in other regions. We are also happy to indicate the positive growth for our liquidity coverage ratio (LCR) footprint globally, which presently covers the requirements of 10 regulators around the globe.”

Olivier Kamoun,CEO of AxiomSL APAC

Société Générale & AxiomSL

“AxiomSL is proud to be chosen as Société Générale’s strategic partner. As a world leading financial firm, being able to quickly meet new and evolving FBO’s requirements while aggregating data across several systems and business functions in a timely manner to meet multiple analytical and regulatory requirements is crucial for success” said Alex Tsigutkin, CEO AxiomSL. “The inherent flexibility and robustness of the AxiomSL platform will allow Société Générale to keep pace with the complexity of regulatory changes while containing costs and delivering the transparency and risk granularity demanded by regulators. We hope that the United States is just the beginning of a flourishing partnership as AxiomSL’s high-performance platform can deliver a suite of solutions across the bank’s operations globally – all on one integrated platform.”

Alex Tsigutkin,AxiomSL’s CEO

Chartis & AxiomSL

“High performance in sell-side risk management is only possible when data is available, reliable and comprehensive, and AxiomSL’s advanced offerings enable users to achieve this level of success. Through its efficient integration of multiple data sources, AxiomSL’s solutions address a number of the key industry-wide challenges facing today’s financial institutions, including the need for automation of complex reporting business logic, data quality, governance and accountability within stringent timeframes.”

Peyman Mestchian,Managing Partner

Julius Baer & AxiomSL

“Group-level reporting involves significant data volumes and requires a solution with robust processing capabilities. We were impressed by AxiomSL’s high-performance platform, including the flexibility and transparency it offers users. The fact that all of AxiomSL’s solutions are fully supported and the fact that AxiomSL updates its reporting templates when regulations change will also greatly lower the cost and complexity of compliance.”

Urs Monstein,Chief Information Officer

Morgan Stanley & AxiomSL

“After a thorough review of each firm’s submission for best reporting initiative, it was clear that AxiomSL’s platform provided Morgan Stanley with a strong solution to manage the complex and rigorous regulatory reporting demands that investment banks faced in 2014.”

Anthony Malakian,US Editor, Waters

Deutsche Bank & AxiomSL

“We are proud to continue serving Deutsche Bank and expand our relationship in the United States. Our strategic, data-driven solution, combined with the automation of reporting business logic, leverages our clients’ existing data structure to meet the industry challenges for new business process models, transparency in reporting and the flexibility to adapt swiftly to regulatory mandates.”

Chartis, RiskTech100® Award & AxiomSL

“We are delighted to be selected as a top risk technology provider for the RiskTech100® and receive the highest rank in customer satisfaction. As the regulatory landscape continues to evolve, our dynamic, data-driven platform provides customers with the transparency and flexibility they require to manage risk and regulatory compliance across multiple jurisdictions.”

Alex Tsigutkin,AxiomSL’s CEO

“AxiomSL received some of the best feedback scores in our end-user surveys and interviews. Many of AxiomSL’s customers commented positively regarding the ease and speed of implementation with a particular focus on data integration and out-of-the-box functionality.”

Peyman Mestchian,Managing Partner at Chartis

Morgan Stanley & AxiomSL

“We were impressed by the flexibility and power of the solution and the quality of professional services during the UK implementation. This along with increasing regulatory demands encouraged us in taking a strategic decision to proceed with AxiomSL, not only for all of our UK operations but moreover on a global scale with priority focus on Asia.”

Aditya Gupta,Morgan Stanley’s Technology Executive Director

“We are delighted to add Morgan Stanley to the growing list of global financial firms that have decided to establish high standards for their financial and regulatory reporting framework using AxiomSL. Our unique solution is the only platform available to global organizations serious about addressing the ever increasing demands of global regulators and executives for a complete and transparent picture of the enterprise. Given the aggressive deadlines for liquidity reporting requirements, we are looking forward to a swift and successful delivery.”

Alex Tsigutkin,CEO of AxiomSL

Waters Technology & AxiomSL

AxiomSL recognized as Best Reporting System Provider in 2015 Waters Rankings

“We are very pleased to have won this distinguished award because it was decided by business practitioners and technology professionals who are the focus of all of our work. Since being founded in 1991, AxiomSL has grown organically, concentrating on satisfying the evolving and most challenging demands from the industry across the globe. We pride ourselves on working in partnership with our clients. We believe our clients know best and our goal is to continue to deliver the best common data and computation platform which empowers financial firms to meet evolving regulatory mandates alongside global standards related to risk management and finance functions, data aggregation capabilities, data governance and internal control.

Alex Tsigutkin,CEO of AxiomSL

“Due to new regulatory reporting mandates, this category has grown increasingly competitive over the years, and our readers were surely impressed by the ability of AxiomSL’s platform to deliver a variety of internal and external reporting.”

Anthony Malakian,US Editor, Waters

JP Morgan & AxiomSL

“We are proud to add JPMorgan Chase to the growing list of global financial groups making a strategic investment in the AxiomSL solution. It will enable them to integrate changing requirements over time in a controlled and flexible manner. The AxiomSL solution continues to add demonstrable value in being a strategic asset for the most complex and high volume environments.”

Patrice Melloul,AxiomSL Europe’s Managing Director

ABN Amro & AxiomSL

“After a thorough system evaluation, including a quite persuasive proof-of-concept, we’ve opted for the Axiom solution as a strategic platform to automate our reporting process. ControllerView® provides us with the flexibility required to support changes of source systems and transparency to give a clear view of the calculations, processes and results to both users and regulators.”

Martin Minkenberg,ABN Amro’s Manager

RBC & AxiomSL

“We’re delighted to add RBC Capital Markets as a valued client. Their decision signals a market trend to extend risk management from enterprise control functions to more actionable and transparent risk management measures that satisfy all business units’ requirements.”

Alex Tsigutkin,AxiomSL’s CEO

Bancolombia & AxiomSL

Bancolombia Adds AxiomSL FATCA Solution to Reporting Platform

“So far so good,” said Jaime Alberto Villegas Gutierrez, Bancolombia’s vice president of service delivery and customer experience. He said international banks must often rely on special digital platforms to assist with difficult implementation issue across jurisdictions and Bancolombia‘s solution has been provided by AxiomSL.”

“The biggest challenge has been preparing ourselves and our data to begin reporting,” Gutierrez said. “We have to do the same process for different regulators.” While that process is “cumbersome but doable,” he said, “as a bank, we’re worried that FATCA will begin to happen in other countries.”

Jaime Alberto Villegas Gutierrez,Vice President of Service Delivery and Customer Experience